the second tier kicking in at 7% once the operator has fully recouped its capital investment. Legislation putting the taxsystem in place will occur over the balance of this year and into 2015. British Columbia Prime Minister Christy Clark has said

production in Norway, said, “In addition, the Norwegian government has recently proposed reduced uplift in the petroleum taxsystem , which reduces the attractiveness of future projects, particularly marginal fields and fields which require new infrastructure

production in Norway, said, "In addition, the Norwegian government has recently proposed reduced uplift in the petroleum taxsystem , which reduces the attractiveness of future projects, particularly marginal fields and fields which require new infrastructure

new oil and gas taxes that are in the White House’s fiscal 2013 federal budget request. “Our current corporate taxsystem is outdated, unfair, and inefficient,” Obama said on Feb. 22. “It provides tax breaks for moving jobs and profits

revenues are increased by £51.6 billion. The report claims that root of the problem comes from the structure of the taxsystem , which is essentially flat-rate or proportional (except when field allowances apply). "When the flat-rate tax

the five companies at this table aligned because two of them are foreign companies which operate under a territorial taxsystem in their home countries,” the ExxonMobil executive said. “What we’d like is a level playing field.” Sen. Orrin G. Hatch (R

restore opportunity for all and generate the public revenues to pay our bills. “That means a dramatically simpler taxsystem of fewer loopholes and lower rates [and] a pause in the mindless piling on of expensive new regulations that devour